Telstra (ASX:TLS) Chairman John Mullen Defends Executive Pay, Sprays Kids Earning 'millions on Fortnite' - The Age -BoardProspects

Telstra (ASX:TLS) Chairman John Mullen Defends Executive Pay, Sprays Kids Earning 'millions on Fortnite'

The Age Oct 14 2019 BoardNews

Telstra chairman John Mullen has delivered a remarkable spray at critics of chief executive Andy Penn's $5 million-a-year pay packet, arguing kids playing popular video game Fortnite, social media influencers and professional athletes are paid similar sums of money...
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Quotes
1. If you devote your life to succeeding in many other disciplines, like sports, when you get to the top no one seems to begrudge you the earnings that go with that.
2. We argue that cash bonuses can be a means to camouflage high levels of executive pay.
Topics Mentioned
- Telstra
- Executive Compensation
Authors
- Yan Zhuang, Jennifer Duke